2015-07-31

Return of the Market

How independent is the Bank of Thailand really? The central bank may be tempted to cut rate again to encourage growth. “Drag from mainstream Asia and European demand for goods is outweighing the positive impact from Chinese tourists and goods demand from Frontier Indochina,” wrote Teather. This is not a consensus view according to economists surveyed by Bloomberg, however. Most expects the central bank to stay put.